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Mexico plans to impose taxes as high as 50% on more than 1,400
products from Asia to protect factories at home, which are
facing stiff tariffs imposed by President Donald Trump on
exports to the United States.
A Chinese Commerce Ministry statement posted Thursday said the
tariffs would harm the interests of affected countries.
“China believes that, against the backdrop of the current U.S.
abuse of tariffs, all countries should jointly oppose all forms
of unilateralism and protectionism and must not sacrifice the
interests of third parties because of coercion,” the statement
said.
The Commerce Ministry also announced Thursday that it was
launching an anti-dumping investigation into pecans imported
from Mexico and the United States.
Mexico has been under pressure from the Trump administration to
limit Chinese imports, some of which the U.S. says use Mexico as
a backdoor to the American market.
Mexican President Claudia Sheinbaum has said that the tariffs
are not the result of U.S. pressure.
China will be the most affected as Mexico imported $130 billion
worth of products from the country in 2024, second only to the
what Mexico bought from the United States. Other countries hit
will include South Korea, Thailand, India, Philippines and
Indonesia.
It's not clear if the investigation into the Mexican tariffs
would result in any concrete steps against Mexico.
Under the regulation governing such investigations, a finding
that a trade barrier exists can can lead to consultations with
the other country, a settlement under a multilateral framework
and other appropriate measures.
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